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AESTHETIC CENTER FOR PLASTIC SURGERY, LLP PROFIT SHARING PLAN 401k Plan overview

Plan NameAESTHETIC CENTER FOR PLASTIC SURGERY, LLP PROFIT SHARING PLAN
Plan identification number 001

AESTHETIC CENTER FOR PLASTIC SURGERY, LLP PROFIT SHARING PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • Participant-directed brokerage accounts provided as an investment option under the plan.
  • Plan covering Self-Employed individuals.
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

AESTHETIC CENTER FOR PLASTIC SURGERY, LLP has sponsored the creation of one or more 401k plans.

Company Name:AESTHETIC CENTER FOR PLASTIC SURGERY, LLP
Employer identification number (EIN):760522509
NAIC Classification:621111
NAIC Description:Offices of Physicians (except Mental Health Specialists)

Form 5500 Filing Information

Submission information for form 5500 for 401k plan AESTHETIC CENTER FOR PLASTIC SURGERY, LLP PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012021-01-01KAREN HUSMANN2021-10-13
0012020-01-01
0012019-01-01KAREN HUSMANN2020-06-30
0012018-01-01KAREN HUSMANN2019-09-10
0012017-01-01
0012016-01-01
0012016-01-01
0012015-01-01
0012015-01-01
0012015-01-01
0012014-01-01
0012014-01-01LEAH WEBSTER2015-08-14
0012013-01-01LEAH WEBSTER2014-07-16
0012012-01-01KAREN HUSMANN2013-07-18
0012011-01-01KAREN HUSMANN2012-08-15
0012010-01-01KAREN HUSMANN2011-08-31

Plan Statistics for AESTHETIC CENTER FOR PLASTIC SURGERY, LLP PROFIT SHARING PLAN

401k plan membership statisitcs for AESTHETIC CENTER FOR PLASTIC SURGERY, LLP PROFIT SHARING PLAN

Measure Date Value
2021: AESTHETIC CENTER FOR PLASTIC SURGERY, LLP PROFIT SHARING PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-01119
Total number of active participants reported on line 7a of the Form 55002021-01-010
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-010
Total of all active and inactive participants2021-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-010
Number of participants with account balances2021-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-010
2020: AESTHETIC CENTER FOR PLASTIC SURGERY, LLP PROFIT SHARING PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-01128
Total number of active participants reported on line 7a of the Form 55002020-01-0183
Number of retired or separated participants receiving benefits2020-01-012
Number of other retired or separated participants entitled to future benefits2020-01-0134
Total of all active and inactive participants2020-01-01119
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-01119
Number of participants with account balances2020-01-01114
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-015

Financial Data on AESTHETIC CENTER FOR PLASTIC SURGERY, LLP PROFIT SHARING PLAN

Measure Date Value
2021 : AESTHETIC CENTER FOR PLASTIC SURGERY, LLP PROFIT SHARING PLAN 2021 401k financial data
Total unrealized appreciation/depreciation of assets2021-02-28$0
Total transfer of assets from this plan2021-02-28$6,571,178
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-02-28$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-02-28$792
Total income from all sources (including contributions)2021-02-28$243,165
Total loss/gain on sale of assets2021-02-28$0
Total of all expenses incurred2021-02-28$11,900
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-02-28$8,161
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-02-28$0
Value of total assets at end of year2021-02-28$0
Value of total assets at beginning of year2021-02-28$6,340,705
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-02-28$3,739
Total interest from all sources2021-02-28$0
Total dividends received (eg from common stock, registered investment company shares)2021-02-28$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-02-28Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2021-02-28$0
Administrative expenses professional fees incurred2021-02-28$200
Was this plan covered by a fidelity bond2021-02-28Yes
Value of fidelity bond cover2021-02-28$767,000
If this is an individual account plan, was there a blackout period2021-02-28Yes
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-02-28$0
Were there any nonexempt tranactions with any party-in-interest2021-02-28No
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2021-02-28$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2021-02-28$792
Total non interest bearing cash at end of year2021-02-28$0
Total non interest bearing cash at beginning of year2021-02-28$2,755
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-02-28No
Value of net income/loss2021-02-28$231,265
Value of net assets at end of year (total assets less liabilities)2021-02-28$0
Value of net assets at beginning of year (total assets less liabilities)2021-02-28$6,339,913
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2021-02-28No
Were any loans by the plan or fixed income obligations due to the plan in default2021-02-28No
Were any leases to which the plan was party in default or uncollectible2021-02-28No
Value of interest in registered invesment companies (eg mutual funds) at end of year2021-02-28$0
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-02-28$5,850,918
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-02-28$243,165
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-02-28No
Was there a failure to transmit to the plan any participant contributions2021-02-28No
Has the plan failed to provide any benefit when due under the plan2021-02-28No
Employer contributions (assets) at end of year2021-02-28$0
Employer contributions (assets) at beginning of year2021-02-28$487,032
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-02-28$8,161
Contract administrator fees2021-02-28$3,539
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32021-02-28Yes
Did the plan have assets held for investment2021-02-28Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2021-02-28No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2021-02-28Yes
Opinion of an independent qualified public accountant for this plan2021-02-28Unqualified
Accountancy firm name2021-02-28MELTON & MELTON LLP
Accountancy firm EIN2021-02-28741550819
2020 : AESTHETIC CENTER FOR PLASTIC SURGERY, LLP PROFIT SHARING PLAN 2020 401k financial data
Total unrealized appreciation/depreciation of assets2020-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$792
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$0
Total income from all sources (including contributions)2020-12-31$1,914,292
Total loss/gain on sale of assets2020-12-31$0
Total of all expenses incurred2020-12-31$1,021,714
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$980,807
Value of total corrective distributions2020-12-31$4,387
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$1,214,379
Value of total assets at end of year2020-12-31$6,340,705
Value of total assets at beginning of year2020-12-31$5,447,335
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$36,520
Total interest from all sources2020-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2020-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-12-31Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2020-12-31$0
Administrative expenses professional fees incurred2020-12-31$900
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$767,000
If this is an individual account plan, was there a blackout period2020-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0
Were there any nonexempt tranactions with any party-in-interest2020-12-31No
Contributions received from participants2020-12-31$247,235
Participant contributions at end of year2020-12-31$487,032
Participant contributions at beginning of year2020-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2020-12-31$792
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2020-12-31$0
Total non interest bearing cash at end of year2020-12-31$2,755
Total non interest bearing cash at beginning of year2020-12-31$7,429
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Value of net income/loss2020-12-31$892,578
Value of net assets at end of year (total assets less liabilities)2020-12-31$6,339,913
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$5,447,335
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2020-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2020-12-31No
Were any leases to which the plan was party in default or uncollectible2020-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2020-12-31$5,850,918
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2020-12-31$5,439,906
Net investment gain/loss from registered investment companies (e.g. mutual funds)2020-12-31$699,913
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2020-12-31No
Was there a failure to transmit to the plan any participant contributions2020-12-31No
Has the plan failed to provide any benefit when due under the plan2020-12-31No
Contributions received in cash from employer2020-12-31$967,144
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$980,807
Contract administrator fees2020-12-31$35,620
Did the plan have assets held for investment2020-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2020-12-31No
Opinion of an independent qualified public accountant for this plan2020-12-31Unqualified
Accountancy firm name2020-12-31MELTON & MELTON LLP
Accountancy firm EIN2020-12-31741550819

Form 5500 Responses for AESTHETIC CENTER FOR PLASTIC SURGERY, LLP PROFIT SHARING PLAN

2021: AESTHETIC CENTER FOR PLASTIC SURGERY, LLP PROFIT SHARING PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedNo
2021-01-01This submission is the final filingYes
2021-01-01This return/report is a short plan year return/report (less than 12 months)Yes
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – InsuranceYes
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement – InsuranceYes
2021-01-01Plan benefit arrangement - TrustYes
2020: AESTHETIC CENTER FOR PLASTIC SURGERY, LLP PROFIT SHARING PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Submission has been amendedNo
2020-01-01This submission is the final filingNo
2020-01-01This return/report is a short plan year return/report (less than 12 months)No
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – InsuranceYes
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement – InsuranceYes
2020-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number136886
Policy instance 1
Insurance contract or identification number136886
Number of Individuals Covered0
Insurance policy start date2021-01-01
Insurance policy end date2021-02-28
Total amount of commissions paid to insurance brokerUSD $4,372
Total amount of fees paid to insurance companyUSD $444
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $4,372
Amount paid for insurance broker fees0
Additional information about fees paid to insurance brokerBROKER COMMISSION
Insurance broker organization code?3
JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number136886
Policy instance 1
Insurance contract or identification number136886
Number of Individuals Covered117
Insurance policy start date2020-01-01
Insurance policy end date2020-12-31
Total amount of commissions paid to insurance brokerUSD $21,986
Total amount of fees paid to insurance companyUSD $3,347
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $21,986
Amount paid for insurance broker fees0
Additional information about fees paid to insurance brokerBROKER COMMISSION
Insurance broker organization code?3

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